The vast majority of workers’ compensation claims are resolved through settlements. A workers’ comp settlement is an agreement between you and the other party (in this case your employer’s insurance company) that you’ll stop pursuing your claim in return for a specific sum of money.
If you’re worried that these settlements are public record, the answer is a bit complex. In the state of Illinois, they are technically public information, but they aren’t easily accessible.
The process of recovering damages after an accident can be complicated and stressful, and you might wonder when you should start involving a personal injury lawyer. In most cases, it’s recommended that you get legal help, even if it’s nothing more than a quick consultation on whether you have a case.
Some of the following situations will most likely warrant the help of a personal injury attorney.
While Illinois doesn’t have any strict legal requirement to have an attorney present during real estate closings, hiring one is still a good idea. A real estate attorney helps you throughout the process of buying or selling real estate by:
Taxes are complicated. For businesses, they can get especially convoluted. While tax season itself is a long way off, most businesses need to keep their tax obligations in mind year-round.
Following are some of the questions people commonly ask about business taxes.
Pedestrian fatalities from accidents have been steadily increasing since 2009, which means the roads have become far more dangerous for those traveling on foot. In order to reverse the trend and get pedestrian accidents to start decreasing, caution and alertness are needed from everyone involved.
To understand how to reduce your chances of being involved in a pedestrian accident, it’s important to know what causes these types of accidents in the first place. These accidents frequently result from the following contributing factors:
Insurance can be expensive, and when you need to file a claim, you might find your business at the mercy of your insurance provider. The issues your business might have with insurance could be mitigated by creating a captive insurance company.
What Is Captive Insurance?
Captive insurance is a subsidiary company completely owned by your business and that provides risk mitigation services. In other words, your business creates and owns the company, and that company provides insurance coverage more or less on your terms.
If you’ve been injured on the job, your employer may try to force you to take time off work. In some cases, they might be in their rights to require you to use time off, but not if it would cost you workers’ compensation benefits.
In some cases, both time off under the Family Medical Leave Act and payments from workers’ compensation may run concurrently.
Rules of the FMLA
Cryptocurrency and the IRS
As Bitcoin, Ethereum, Zcash, and other forms of virtual currencies become more and more prevalent, many people have begun facing the tax implications of their trading, buying, and selling activities on the blockchain. Numerous individuals have accumulated a great deal of wealth thanks to this new technology, and the IRS has taken notice.
As the technology and the usage thereof develop, so too will the codes and rules set forth by the IRS over how this type of income should be reported and taxed. When it comes to planning for the tax implications of buying and selling cryptocurrencies, making an ICO, or engaging in other business transactions involving blockchain technology, you need an attorney who is both experienced in tax law as well as up-to-date on the latest developments.
Charitable Trusts – Laws to Consider
At the heart of a charitable trust is the leaving of your legacy to causes you wish to support. This type of trust is an excellent way to give back to the community while also minimizing the tax exposure of your estate. However, in order to give maximally and keep your estate’s tax burden down, it must be properly constructed. This way, it will adhere to the laws governing tax exempt status.
The Charitable Trust Act
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